Japan approves additional $3.9 billion in subsidies for chip firm Rapidus to meet semiconductor goals
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 02 2024
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Source: CNBC
- Japan's Semiconductor Industry Support: Japan approved up to 590 billion yen in additional subsidies for chipmaker Rapidus Corporation to boost semiconductor manufacturing.
- Rapidus Corporation Development: Rapidus, founded in 2022, received significant investments from companies like Toyota and Sony for developing advanced semiconductors.
- Chip Production Plans: Rapidus aims to mass produce 2-nanometer chips by 2027 in Hokkaido, competing with TSMC and Samsung who plan to start production by 2025.
- Technological Advancements: Reduction in nanometer size allows for more powerful and efficient chips with increased transistor density on a single semiconductor.
- Foreign Investments in Japan: Companies like TSMC, Samsung, and Micron are investing in Japan's semiconductor industry with support from the Japanese government to diversify supply chains and advance technology.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
